The rise of online antisemitism has been accelerated by Elon Musk’s announcement of X, his proposed new cryptocurrency. Musk has been criticized for his involvement in the project, as it created an arms race among Bitcoin investors. Some Jewish companies, most notably the payment processor Paypal, have indicated that they wouldn’t accept the X currency. This prompted an influx of antisemitic comments from Musk’s online supporters who accused anyone who opposed X of being part of a “Jewish conspiracy”. This has caused many to fear that X has turned into a tool for spreading bigotry and hatred.
